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Forex
Stocks may attempt to break highs
Stocks didn’t do much yesterday, with the S&P 500 index closing just 0.09% higher. The market has further extended its short-term consolidation following a…
Fed’s Daly: Fed is not done yet but PCE data is good news
Federal Reserve (Fed) Bank of San Francisco President Mary Daly told CNBC on Friday that cooling inflation shows that the Fed's monetary policy is working, per…
AUD/USD jumps higher to 0.6670 as US Inflation cools down expectedly
AUD/USD recovers daily losses and jumps to 0.6670 as US core PCE Inflation declines in May.
Soft US inflation figures would boost Fed rate-cut hopes.
The…
Japanese Yen looks to be fading out this week without any interventions
The Japanese Yen started Friday with a fresh multi-decade low print.
Some quick profit taking is happening ahead of the US session and before the weekend.…
NZD/USD Price Analysis: Bounces back strongly to 0.6100 as US Inflation cools in May
NZD/USD rebounds strongly to 0.6100 on an expected decline in the US core PCE Inflation data for May.
Annual US core PCE declined to 2.6% from 2.8% in…
Mexican Peso recovers despite dovish Banxico meeting
The Mexican Peso recovers despite a dovish tilt to the Banxico policy meeting on Thursday.
A change in the distribution of voting and language of the…
French Snap Elections: What to expect on Sunday and beyond?
The legislative snap election will take place in two rounds with the first round scheduled on the 30th of June and second round on the 7th of July.
Macron's…
Traders drop their XAU/USD and XAG/USD positions – TDS
Top traders on the Shanghai Futures Exchange (SHFE) have reduced their net Gold (XAU/USD) and Silver (XAG/USD) positions. Precious metals investors are likely…
Copper is under selling pressure – TDS
Price action in the base metal complex is staving off Commodity Trading Advisor (CTA) selling pressure in Copper, however the higher selling trigger, now at…
GBP/USD Price Analysis: Posts weekly losses, directionless beneath 1.2650
GBP/USD steady following a positive UK GDP report and rising US PCE Index.
Technicals cap pair below 1.2700, key for buyer momentum.
Strong support at…